South Africa-based aluminium supplier and exporter Hulamin recorded flattering results for both its rolled and extruded product segments, despite the ongoing Covid-19 pandemic. During the six-month period ended June 30, Hulamin’s rolled and extruded product sales rose 43 per cent and 58 per cent, respectively, from the same period last year.
As report revealed, Hulamin’s profit improved, generating free cash flows of R128 million. Hulamin’s overall group sales volume increased 44 per cent to 102,000 tonnes for the period, while revenue spiked 50 per cent to INR5.5 billion.
EBITDA also saw a hike of 166 per cent to INR78.6 million, while basic earnings a share surged by 139 per cent to 29c.
Enhancement in Hulamin’s both rolled and extruded products included improvements in capacity utilisation, cost management, tight controls over working capital and a focus on sales growth and distribution.
Going ahead in the second half of 2021, Hulamin’s rolled products division will continue to focus on enhancing manufacturing performance, said CEO Richard Jacob. In addition, it will strive to reduce production cost and strengthen the overall cost control.
Hulamin said its primary future object would be maximising local sales of its rolled products, particularly the beverage can sheet. Besides, unique technology developments and drive scrap consumption would be the other key area of concentration in the near future.
Now, coming to the extrusion business, Hulamin will continue to improve its productivity, while exploring key market segments and improving margin management.
Hulamin said that it would also work on improving the company’s customer focus through enhanced quality, on-time delivery, and better customer service.
For the second half of the year, Hulamin has set a target of sales volume of 105,000 tonnes, which would bring the full-year targeted sales to 200,000 tonnes.
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